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TortoiseEcofin Acquisition III Balance Sheet Health
Financial Health criteria checks 0/6
TortoiseEcofin Acquisition III has a total shareholder equity of $-15.3M and total debt of $3.1M, which brings its debt-to-equity ratio to -20.5%. Its total assets and total liabilities are $170.3M and $185.6M respectively.
Key information
-20.5%
Debt to equity ratio
US$3.13m
Debt
| Interest coverage ratio | n/a |
| Cash | US$148.88k |
| Equity | -US$15.26m |
| Total liabilities | US$185.58m |
| Total assets | US$170.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRTU.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRTU.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRTU.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRTU.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TRTU.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TRTU.F's interest payments on its debt are well covered by EBIT.